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Meredith Whitney & Municipal defaults - NewWaveSlave.com

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Uploaded on Jan 12, 2011

http://www.NewWaveSlave.com - Meredith Whitney discusses her now famous call on municipal defaults in 2011. Whitney expects 50-100 municipal defaults and says there is a total of $3trillion in total Muni debt. The end of "Buy America Bonds" & stimulus money will force municipalities to collapse/merge in order to protect the state. Meredith Whitney states that it isn't the severity, but the frequency of defaults which will lead to indiscriminate selling.

Favorite quote: politicians will have to answer the question of whether to default to bond holders or their constituents. (great question!)
Enjoy the video!
NewWaveSlave.com

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